Netagio Becomes First UK Bitcoin Company to Meet Auditing Standard
British precious metal and bitcoin exchange Netagio has received ISAE 3000 standard certification for its bitcoin storage following a review by professional financial services firm BDO LLP. The news makes Netagio the first UK bitcoin company to comply with ISAE 3000. ISAE 3000 is internationally recognized by the International Auditing and Assurance Standard Board (IAASB), and assesses quality of assurance work, report verification, internal compliance, corporate governance and other areas of corporate responsibility. Review success. The company said it underwent the review earlier this....
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British exchange Netagio (which deals with bitcoin, gold, and sterling trading) reported this morning that they have attained assurance for their bitcoin storage/holdings to an international standard (ISAE 3000). An independent review was conducted by BDO LLP, a professional services firm operating internationally, and it was found that Netagio has their stuff together, to be frank. The ISAE 3000 standard (where ISAE stands for International Standard on Assurance Engagements) was developed by the International Auditing and Assurance Standards Board (IAASB), and the idea is to ensure....
LONDON - British Bitcoin Exchange Netagio, has today become the first Bitcoin exchange to attain assurance for their bitcoin storage with an international standard known as the ISAE 3000. ISAE 3000 - What is it? ISAE stands for International Standard on Engagement. It is an internationally recognized standard issued by the International Auditing and Assurance Standards Board, IAASB. A handbook provided by the IAASB explains that the ISAE standard deals with assurance engagements other than audits or reviews of historical financial information. Netagio Submits to the ISAE 3000 Audit. In....
UK-based company Netagio has announced that it will close its bitcoin, pound, US dollar and euro exchange platforms as of today. The news marks the start of a 30-day notice period for its customers to withdraw their funds and close their trading accounts. Simon Hamblin, CEO of Netagio, said: We are immensely proud of our efforts and achievements to date while facing the reality of a stagnating market place in Europe, in an environment of regulatory and political uncertainty facing bitcoin businesses.
British bitcoin exchange Netagio is exiting the gold market next month due to weak demand. The exchange will remove its two order books for gold trading by the end of the year, according to Netagio CEO Simon Hamblin. Netagio will instead enter the dollar and euro markets, with new order books for trading bitcoin for those currencies to be launched in mid-December. The company declined to specify a date. Hamblin said the firm is repositioning itself to tackle the larger euro and dollar markets, while leaving its longstanding links to the gold industry behind. "We're receiving this demand....
United Kingdom-based gold, sterling, and bitcoin exchange Netagio announced Wednesday that they have launched their Application Programming Interface (API), which will go a long way to meet institutional demand. For the layman, what does this mean? Well, for starters, the API will allow institutional investors (these are the people that are trading massive volumes on behalf of other entities, in many cases) to program their Execution Management Systems (EMS) and Order Management Systems (OMS) in order to automate trading using Netagio's exchange. The company says, "The API will provide....